Vice Chairman Kim Soyoung of the Financial Services Commission held a teleconference meeting with global investment banks on May 7 to exchange views on the current economic and financial market situations in Korea. With regard to the current financial market situation, Vice Chairman Kim said that domestic financial markets remain stable, despite various uncertainties at home and abroad, since domestic financial companies are equipped with adequate levels of loss absorbing capacity and that the government is also sufficiently prepared to handle crisis situations through various market stabilization programs amounting to KRW94 trillion. After discussing some of the progress and plan for key policy areas, such as the normalization of the real estate project finance market, effective management of household debt growth, bolstering prudential management of nonbank financial institutions, and the Corporate Value-up Program, Vice Chairman Kim said that it is important for the Korean government and financial sectors to frequently communicate with global investors and overseas market participants to more accurately explain our market stabilization and reform efforts to help improve confidence in Korean financial markets.